Belknap Press
Capitalism, Alone: The Future of the System That Rules the World
Key Metrics
- Branko Milanovic
- Belknap Press
- Paperback
- 9780674260306
- -
- -
- Business & Economics > Free Enterprise & Capitalism
- English
Secure TransactionBook Description
An Economist Book of the Year
A Financial Times Book of the Year
A Prospect Top Thinker for the COVID-19 Age
A ProMarket Book of the Year
An Omidyar Network 8 Storytellers Informing How We've been Reimagining Capitalism Selection
A brilliant sequel to the pathbreaking Global Inequality...Poses all the important questions about our future.
--Gordon Brown
Erudite, illuminating...Narrative in style and engaging to read...Milanovic chronicles the rise of authoritarian capitalism, both in nations that once epitomized liberal capitalism such as the U.S. and in countries like China, which are partly capitalist but show no signs of turning liberal...As a virtuoso economist, Milanovic is superb when he is compiling and assessing data.
--Robert Kuttner, New York Review of Books
Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching.
--Edward Luce, Financial Times
A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured.
--The Economist
We are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of a more authoritarian political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest.
One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much right--and it isn't going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold.
Author Bio
Branko Milanovic is a senior scholar at the Stone Center on Socio-economic Inequality. Professor Milanovic obtained his Ph.D. in economics (1987) from the University of Belgrade with a dissertation on income inequality in Yugoslavia. He served as lead economist in the World Bank’s Research Department for almost 20 years, leaving to write his book on global income inequality, Worlds Apart (2005). He was a senior associate at the Carnegie Endowment for International Peace in Washington (2003-2005) and has held teaching appointments at the University of Maryland (2007-2013) and at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University (1997- 2007). He was a visiting scholar at All Souls College in Oxford, and Universidad Carlos III in Madrid (2010-11).
Professor Milanovic’s main area of work is income inequality, in individual countries and globally, including in preindustrial societies. He has published articles in Economic Journal, Review of Economics and Statistics, Journal of Economic Literature, Journal of Development Economics, and Journal of Political Philosophy, among others. His book The Haves and the Have-nots (2011) was selected by The Globalist as the 2011 Book of the Year. Global Inequality (2016) was awarded the Bruno Kreisky Prize for the best political book of 2016 and the Hans Matthöfer Prize in 2018, and was translated into 16 languages. It addresses economic and political effects of globalization and introduces the concept of successive “Kuznets waves” of inequality. In March 2018, Milanovic was awarded (jointly with Mariana Mazzucato) the 2018 Leontief Prize for Advancing the Frontiers of Economic Knowledge. His new book Capitalism, Alone was published in September 2019.
Source: City University of New York
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